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Free Press Journal

Gold futures climb to Rs 1.44 lakh per 10 grams as softer dollar lifts demand ahead of Fed decision

AI Market Summary
Gold rose as a softer US dollar improved bullion's relative appeal and investors positioned ahead of the upcoming Fed policy decision and Chair Kevin Warsh's remarks. A temporary pause in US-Iran hostilities reduced immediate geopolitical risk, limiting upside, while a sharp oil pullback eased near-term inflation concerns. Near-term pricing remains sensitive to Fed guidance and incoming US inflation and labor data.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT+0.25%
AI Insight · NCCOGOLD2USD/USDTAI Insight
▲ Bullish
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Gold futures rose to Rs 1.44 lakh per 10 grams on July 27, supported by a weaker US dollar and a temporary pause in Washington–Tehran hostilities. On Comex, August gold climbed nearly 1% to USD 4,087.69 per ounce in New York. Markets are watching this week’s US Federal Reserve policy decision and remarks from Chair Kevin Warsh for signals on rates and inflation.
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